NAC681A.380. Applicability of requirements before and after June 28, 1996.

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1. All new and renewal reinsurance transactions entered into after June 28, 1996, must conform to the requirements of chapter 681A of NRS and the provisions of NAC 681A.250 to 681A.380, inclusive, if credit is to be given to the ceding insurer for such reinsurance.

2. All trust agreements or underlying reinsurance agreements in existence before June 28, 1996, will continue to be acceptable until December 31, 1996, at which time the agreements must be in full compliance with the provisions of NAC 681A.250 to 681A.380, inclusive, for them to be acceptable.

(Added to NAC by Comm’r of Insurance, eff. 6-28-96)

                    
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